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Economy

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Fisheries chairman: Industry needs political stability

Iceland’s fisheries are finding it difficult to plan for the future because of political instability and ongoing policy shifts, according to the new F...

BusinessFebruary 7, 2015
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Faroe Islands FTA with Turkey another blow for Scottish pelagic industry

The Faroe Islands have signed a Free Trade Agreement (FTA) with Turkey in a move that Scottish pelagic industry members have described as “another dev...

BusinessJanuary 6, 2015
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HB Grandi sees rise in profits

Icelandic fishing company HB Grandi has recorded profit increases of 20 million euros in the third quarter of the year, a year-on-year jump of 106 per...

IcelandDecember 12, 2014
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Agreement for issuing prepaid cards using multi-currency eWallet technology signed by Valitor and Caxton FX

An agreement has been signed between Valitor, the Iceland-based issuing and acquiring services provider, and Caxton FX for the issuing of prepaid card...

BusinessDecember 5, 2014
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Finnish unemployment rate rises

The number of unemployment people in Finland has increased to, 220,000, or by 8.3 per cent, over the past year, according to Statistics Finland.

FinlandDecember 3, 2014
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Former Landsbanki boss jailed in Iceland

The former boss of the defunct Icelandic bank Landsbanki has been jailed for 12 months for his role in the 2008 financial crisis.

BusinessNovember 28, 2014
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Iceland economy forecast to expand by 2.7% in 2014

Iceland’s economy has been forecast to grow by 2.7 per cent this year, according to the most recent prediction by Statistics Iceland.

FinanceNovember 27, 2014
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Iceland wants to reach Japan free trade agreement

Iceland wants to tie up a free trade agreement with Japan in order to increase economic growth, said Foreign Minister Gunnar Sveinsson.

IcelandNovember 23, 2014
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Finland advances toward licensed gambling market ahead of 2027

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Cave in Greenland points to higher ancient air temperatures in High Arctic

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